Estonia

Eesti Energia invests EEK 900mn in wind farm

Äripäev, 2010-06-18
In Estonia, the state-owned power utility Eesti Energia's supervisory council has approved the building of the 39 MW capacity wind farm near Narva, in the former shale ash deposit. The wind farm of 17 turbines, will be put into production in 2012. The prime contractor, Nordecon, will roll out the building of the wind farm in the summer of 2010.

Europe

EWEA predicts 10 GW of new wind energy capacity for 2010

Your Renewable News, 2010-06-14
Some 10 GW of new wind power capacity is set to be installed in the EU during 2010, according to a forecast made by the European Wind Energy Association (EWEA). This will raise the total installed capacity in the region by 13% to nearly 85 GW. In 2009, 10.163 GW of new wind power was set up, making up 39% of all new installed power capacity during the year.

EWEA has pointed out that 2010 will see delivery of orders placed after the start of the financial crisis, showing that there is still strong investment interest in wind energy. The new capacity in 2010 is expected to be set up in France and Italy, with 1 GW each, and installations in new EU member states such as Romania and Bulgaria are expected to double.

Finland

NIB ready to finance ownership changes in Fingrid

Kauppalehti, 2010-06-15
Finnish power companies Fortum and Pohjolan Voima will have to give up their ownership of Finnish electricity transmission system operator Fingrid in 2012. According to the Nordic Investment Bank (NIB), the bank will be pleased to participate in funding ownership transfers and investments in the grid when needed.

Lithuania

Polish group PGE interested in nuclear power project

Rzeczpospolita, 2010-06-13
Polish energy producer Polska Grupa Energetyczna (PGE) is interested in taking part in the construction of a nuclear power plant Ignalina II in Lithuania. It is estimated that to do that, PGE would have to invest over PLN 2bn (EUR 486.12mn USD 592.99mn).

Netherlands

Oxxio sale delayed, price less than initially expected

De Telegraaf, 2010-06-16
UK-based Centrica has refused to give a new transaction date for the divestment by Dutch energy provider Oxxio. It had originally stated the transaction would be finalised by 30 June 2010 but experts believe late summer may be possible. In Centrica's accounts, Oxxio is currently worth around GBP 50mn (EUR 60.08mn USD 73.99mn) compared with an initial purchase price of GBP 95mn in 2005.

Russia

Lithuania not to buy electricity from Kaliningrad nuclear plant

Baltic News Service, 2010-06-16
Lithuania will not buy electricity from the planned new nuclear plant in Russia's Kaliningrad, said Lithuania's Prime Minister, Andrius Kubilius. He said Lithuania would focus on its own nuclear plant project. Other nuclear plant projects will only concern Lithuania in relation to environmental safety, he said.

United Kingdom

Possible EDF Energy network sale hitch

Times Online, 2010-06-14
EDF Energy's plans to sell its UK electricity distribution network may be delayed due to a row over a pension fund deficit believed to total GBP 100mn (EUR 119.70mn USD 146.02mn)-GBP 200mn. The French group had been in talks with pension scheme trustees over a change-of-control clause that obliges the retirement plan to be topped up by any new owner.

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Vattenfall is a European energy company with approximately 20,000 employees. For more than 100 years we have electrified industries, supplied energy to people's homes and modernised our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation.